The only way SONT the stock could be made public again would be for the now private company to file a FORM 10 to re-register the stock with the SEC. That would require two full years of audited Financials, a task that most companies that had their stock registration(s) revoked to be an insurmountable task.
Any public or private company can buyout or merge with a formerly public company that had its stock registration(s) revoked, eg., SONT/Seen On Screen TV, but only the assets of the now-private company would be included in the acquiring/merging company's assets, not the stock. The acquiring/merging company could always create new stock under their own ticker to compensate the shareholders of the acquired/merged company but that has never happened before, to my knowledge, simply because former shareholders are expendable and not worth considering to the acquiring/merging company's aspirations.
The shareholders of SONT now own private stock and there is no wiggle room to make the private stock into a public stock through acquisition or merging into another company. Only a FORM 10 to reregister SONT will benefit SONT shareholders.
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